Units at a condo development in the (ahem) heart of the Mission at 19th and Valencia are flying off the market before the real estate company can even post them to the listing service.
After the sales office at 3500 19th Street opened on Friday, some 100 eager buyers swooped in to be among the first to put in offers at the five-story, 17-unit building. In those two days on the market, the San Francisco Business Times reports, top-floor apartments are already selling for upwards of $1,400 per square foot — or on par with the cost of a highrise luxury abode in tony downtown spots like the Inifinity.
According to a representative from Vanguard Properties, which is handling sales of the properties, the response on opening day was overwhelming: "We were going to wait a week or two before listing it on the MLS," Vanguard agent Frank Nolan told the Business Journal, "but offers started coming in right away.”
The building has five one-bedroom and 12 two-bedroom apartments, and boasts au courant amenities like dedicated parking for bicycles and easy walking distance to expensive imported denim and cheeses. According to Nolan, the potential residents aren't just the Mission's hip and techy young money set, but their parents looking for some hipster cred of their own: "Their kids live in the neighborhood and they want to live there too,” Nolan explained. “The market is craving this.”
